Ted Baker finance director joins Mulberry as luxury bag maker looks to recover from £5m loss

August 23, 2019

Somerset-based luxury fashion brand Mulberry has appointed Ted Baker board member Charles Anderson as its new group finance director.

Charles will join Mulberry, which has its headquarters and a factory at Chilcompton and is best known for its designer leather bags, in October. 

His appointment comes following Mulberry crashing to a £5m pre-tax loss in the 53 weeks to March 30 as a result of “challenging” UK trading conditions.

The loss – against a pre-tax profit of £6.9m the previous year – was partly due to a £2.1m hit from the collapse of House of Fraser.

Charles Anderson has spent 17 years with luxury clothing retail company Ted Baker, most recently working as finance director of its subsidiaries and company secretary.

As well as developing and overseeing Ted Baker’s global finance function, he played an active role in its international expansion and systems transformation and oversaw its investor relations programme.

Prior to joining Ted Baker, Charles held various finance positions at House of Fraser, NatWest Markets and Carpetright.

He replaces Neil Ritchie who stepped down from the Mulberry board on June 30 after three years in the role.

Mulberry chief executive officer Thierry Andretta said: “We are delighted to welcome Charles to the Mulberry team. His experience of developing and overseeing a global finance function during a period of international expansion will be relevant as we grow Mulberry worldwide.”


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